According to Zacks, “NATIONAL CINEMEDIA operates the largest digital in theatre network in North America that allows them to distribute advertisements and other content for our advertising, meetings and events businesses utilizing our proprietary digital content network. They have long term exhibitor services agreements with our founding members, Cinemark and Regal, the three largest motion picture exhibition companies in the U.S.and multi year agreements with several other theatre operators whom they refer to as network affiliates. The network affiliate agreements grant them exclusive rights, subject to limited exceptions, to sell advertising on their theatre screens. “
Several other brokerages also recently weighed in on NCMI. BidaskClub downgraded shares of National CineMedia from a buy rating to a hold rating in a research note on Thursday, January 17th. Barrington Research reiterated a hold rating on shares of National CineMedia in a research note on Friday, March 1st. TheStreet upgraded shares of National CineMedia from a c rating to a b- rating in a research note on Friday, March 15th. Finally, Wedbush reiterated a hold rating and set a $8.00 target price on shares of National CineMedia in a research note on Tuesday, May 7th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $9.31.
National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Monday, May 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. National CineMedia had a net margin of 6.98% and a negative return on equity of 33.32%. The company had revenue of $76.90 million during the quarter, compared to the consensus estimate of $82.43 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. National CineMedia’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities research analysts forecast that National CineMedia will post 0.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.68 annualized dividend and a dividend yield of 9.12%. National CineMedia’s dividend payout ratio (DPR) is 183.78%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of National CineMedia by 41.9% during the fourth quarter. Bank of Montreal Can now owns 5,388 shares of the business services provider’s stock worth $35,000 after buying an additional 1,590 shares during the period. FNY Investment Advisers LLC boosted its stake in shares of National CineMedia by 255.8% during the fourth quarter. FNY Investment Advisers LLC now owns 5,971 shares of the business services provider’s stock worth $38,000 after buying an additional 4,293 shares during the period. SG Americas Securities LLC acquired a new stake in shares of National CineMedia during the fourth quarter worth about $65,000. Strs Ohio acquired a new stake in shares of National CineMedia during the fourth quarter worth about $87,000. Finally, Meitav Dash Investments Ltd. acquired a new stake in National CineMedia in the first quarter valued at about $120,000. Institutional investors and hedge funds own 91.32% of the company’s stock.
About National CineMedia
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.
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